Another cigar butt which drew a lot of attention today is TNB. A check in KLSE announcement showed that SKIM AMANAH SAHAM BUMIPUTERA have increased its shares from 345,284,200 shares on 30/5/06 to 371,403,100 shares on 22/02/2008. We all know this ASB is for bumiputera only and it is a channel to distribute wealth to bumiputera.See NEP. This increase in stake should signify tariff hike for electricity soon,maybe after the election.Should you buy TNB to ride on the wave? tenaga-report-by-sp.pdf

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Some reasons:Producing around RM 400 mil free cash flow (FCF) consistenly but its market cap is at RM 5.8 bil, indicating BJTOTO is selling at 14 times FCF only.Attactive dividend policy which gives around 6% yield at current price of RM 4.28Defensive business in inflationary environment.Sales tends to pick up during economic slowdownPotential privatisation […]

The news is out this afternoon that MSC is going to list in Singapore stock exchange after shareholders' approval.The stock flew to RM 4.50.But this post is not about MSC.It's about a company which also owns MSC,ICAPITAL.BIZICAP is non speculative,does not pay dividend and it has very small daily volume for traders.Hence,it stayed undervalued since […]

Bursa Malaysia is undergoing some healthy correction during year end holidays due to fund managers going for vacation,school holidays for children so no time for stocks or whatever reasons.It's during this period when value investors should hunt around looking for undervalued companies.They should allocate some cash to pick up some good stocks with good […]

4Q2010 to 1Q2011 will be SUPERBULL for KLSE. Foreign investors will pump in huge amount of liquidity into stock market. Cheap money will always go to highest yielding asset. Comparing all the countries in Asia, Malaysia is on the radar now.Malaysia has a lot of undervalued good paying dividend companies with low PE.Big cap companies have ran up a lot recentl […]

Today, i read an article on The Star by Mr. Ooi Kok Hwa regarding REITs. Take a lot at the article here.What makes me furious is that Mr. Ooi who is an investment adviser and managing partner of MRR Consulting,has misled the public by not discussing the real issues in Malaysian REITs(MREIT).I guess a consultant is still a CONsultant.MREIT is full of crap pro […]

I posted about AIM before.Those who bought it after reading my blog and sold it would have been making super profit.Check out my previous post and see the share price for yourself!!!Recently,AIM announced bonus issue of 1 share for every 3 shares. After the announcement,there have been a lot of activities in the company.The company has been actively buying b […]

Willowglen is in the process to join the big boys in the Main Board.This will attract more investors and hence more liquidity or volume can be expected for this stock.What really attracts me is Willowglen 's balance sheet is very strong. Check out my previous blog on this company too.If you check on its balance sheet,Willowglen has about RM 50 mil but t […]

Why you should sell Sunway REIT when it starts to rally on July 8 (listing day)?Jeffrey Cheah is selling his stake in Sunway REIT to "shift his focus" away from Malaysia, which FDI is dwindling at worrying rate. He knows that the Malaysian economy is going down the drain sooner or later.If it's so good,why sell it to the public?More shopping c […]

I've recommended Mamee on 25 July 2009 and those who bought it would have laughing all the way to the bank.Today, I'm recommending you guys to relook Mamee due to its attractive valuation.There are several reasons for its further upside:At RM 3.00 per share,Mamee is selling at RM 454 mil. It's earning about RM 44 mil net. Current P/E is aroun […]

I'm sure Datuk Shahrazi spoke to the major shareholder (could be Datuk Yaakob) before he launched the take over offer.Datuk Yaakob is the major shareholder of Melewar which owns M3nergy.There could be some arrangement between them,just like what we saw in Astro privatisation.The CEO's willingness to buy up the company @ RM 1.85 per share signifies […]